Automotive Glass industry analysis research and trends report for 2016-2024

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The demand for automobiles across the globe is increasing exponentially, which will propel Automotive Glass Market over the years ahead.
Automotive Glass Market generated a revenue of USD 15 billion in 2015 and will grow at an annual growth rate of more than 7% over the period of 2016 to 2024.
For the sake of user safety, windshields are fitted with laminated glass. Laminated automotive glass industry, having had a revenue of USD 4.5 billion in 2015, will grow significantly at an annual growth rate of more than 6.5% over the coming years of 2016 to 2024.
Automotive glass industry giants are undertaking R&D activities to improve the sale of laminated products and gather a huge customer base to fulfill the requirement of OEMs. Central Glass America, Nippon, AGC Glass Europe, Shenzhen Benson automobile glass co.,ltd., Saint Gobain Sekurit, Guardian industries, Duratuf Glass Industries Pvt. Ltd., , PPG Industries, Inc., Corning, Inc., and Xinyi Glass are the notable players in automotive glass market.
Key Insights of Automotive Glass Market :

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In 2015, OEMs covered about 80% of the market share and will generate considerable revenue over the coming seven years, primarily driven by the growing deployment of safety measures by the various manufacturers.
Aftermarket replacement end use segment will register an annual growth rate of more than 5%, owing to the escalating need of the product for the repair and maintenance of damaged vehicles.
The demand for light weight commercial vehicles is growing notably due to the rise in goods transportation across the rural areas.
China will be the prominent contributor of Asia Pacific automotive glass market, owing to the huge production rate of automotive vehicles pertaining to the ample availability of land and labor.
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